Trifast plc (TRI) Price Target Raised to GBX 165
Trifast plc (LON:TRI) had its price target increased by equities researchers at FinnCap from GBX 155 ($2.02) to GBX 165 ($2.15) in a note issued to investors on Tuesday. The firm presently has a “buy” rating on the stock. FinnCap’s target price suggests a potential downside of 4.07% from the stock’s previous close.
TRI has been the subject of a number of other research reports. Peel Hunt restated a “buy” rating and set a GBX 160 ($2.09) target price on shares of Trifast plc in a report on Friday, July 8th. N+1 Singer restated a “buy” rating on shares of Trifast plc in a report on Thursday, September 29th.
Shares of Trifast plc (LON:TRI) traded up 2.23% during mid-day trading on Tuesday, hitting GBX 172.00. The company had a trading volume of 89,303 shares. The company has a 50-day moving average price of GBX 150.36 and a 200-day moving average price of GBX 138.41. Trifast plc has a 1-year low of GBX 101.96 and a 1-year high of GBX 172.00. The company’s market capitalization is GBX 204.37 billion.
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In other news, insider Budd,Geoff sold 75,000 shares of the stock in a transaction on Friday, July 22nd. The stock was sold at an average price of GBX 132 ($1.72), for a total transaction of £99,000 ($129,225.95).
About Trifast plc
Trifast plc is a United Kingdom-based manufacturer and distributor of industrial fastenings and category C components. The Company provides design support and problem solving solutions to its customers. The Company designs, manufactures and distributes mechanical fasteners on a global basis to both distributors and original equipment manufacturer (OEM) assemblers.
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